Uber Technologies (NYSE:UBER) Trading Up 1.9% After Analyst Upgrade

Shares of Uber Technologies, Inc. (NYSE:UBER) shot up 1.9% during trading on Monday after Tigress Financial raised their price target on the stock from $96.00 to $103.00. Tigress Financial currently has a buy rating on the stock. Uber Technologies traded as high as $73.04 and last traded at $72.88. 4,093,991 shares changed hands during trading, a decline of 78% from the average session volume of 18,264,330 shares. The stock had previously closed at $71.51.

Other research analysts have also issued research reports about the company. Bank of America lifted their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI raised their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. Redwood Investment Management LLC acquired a new position in Uber Technologies during the first quarter valued at $259,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Uber Technologies in the first quarter worth approximately $339,000. New Covenant Trust Company N.A. acquired a new stake in shares of Uber Technologies during the first quarter worth approximately $64,000. Citizens Financial Group Inc. RI grew its position in Uber Technologies by 23.8% during the first quarter. Citizens Financial Group Inc. RI now owns 4,602 shares of the ride-sharing company’s stock valued at $354,000 after purchasing an additional 885 shares in the last quarter. Finally, Wahed Invest LLC grew its position in Uber Technologies by 16.6% during the first quarter. Wahed Invest LLC now owns 38,812 shares of the ride-sharing company’s stock valued at $2,988,000 after purchasing an additional 5,535 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $150.68 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company’s 50 day simple moving average is $75.49 and its two-hundred day simple moving average is $71.20.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Research analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.